Guide on CitySavings Bank Salary Loan for LGU Employees – Who Are Qualified To Apply
CITYSAVINGS BANK SALARY LOAN FOR LGU EMPLOYEES – Here is a list of the qualifications in applying for this loan offer.
Banks and lending companies in the Philippines are among the entities that people can turn to when financial needs arise. There are different offers under these entities. Some offers are open to the public while others are exclusive to certain group of people.
One of these exclusive offers is the CitySavings Bank Salary Loan offer for employees and officials of the local government units (LGUs). You can check on the details of this loan offer below.
Who are qualified to apply for the CitySavings Bank Salary Loan offer for LGU employees? To be eligible, the borrower-applicant must be:
- an elected official or employee of an accredited Local Government Unit (LGU)
- a permanent government employee duly-recognized by the gov’t and its regulatory bodies that has an existing Memorandum of Agreement (MOA) with CitySavings Bank
- having at least one (1) year of tenure
- having a good moral character and no derogatory record
- 65 years old and below upon the loan maturity
According to the bank, the borrower can pay for the loan from 12 months to 60 months. The bank assures clients that there will be no hidden charges under this loan offer.
To apply, you can go to a branch of CitySavings Bank nearest to you. If your LGU unit is not accredited and you wish to apply for accreditation, feel free to visit – CitySavings Salary Loan Accreditation: Steps on How To Get Accredited for this Offer.
For teachers who are under the Department of Education (DepEd), you may also visit – CitySavings Bank Teachers Salary Loan: How To Apply for this Loan Offer.